Portland ME Real Estate Analysis for Homes and Condos » Southern Maine Real Estate

Scarborough ME 2011 Real Estate Wrap-up

admin — Sat, 28 Jan 2012 20:40:44 +0000

The real estate market for homes and condos in Scarborough Maine saw a total of 217 homes sold during the 2011 year. This reflected a 2% drop in sales volume compared to 2010 levels, as 221 homes sold in the 2010 year. Scarborough Maine homes for sale sold at a median price of 304K during 2011, up slightly from both the 2010 and 2009 year.

Visit the Herrigel Group website at www.myMaineProperty.com to learn more about homes in Scarborough ME and other southern Maine towns. The Herrigel Group specializes in coastal and southern Maine homes and condos for sale. John Herrigel can be reached directly: email johnherrigel@gmail.com or call 207-650-5383

Dec. 11 Market Update for Yarmouth ME

admin — Wed, 14 Dec 2011 18:39:46 +0000

The Yarmouth ME housing market saw 10 homes sell during the month of November 2011. This was an 11% increase in sales volume year over year, and a dramatic increase month over month. The average price for a Yarmouth home sold in November was 355K, which was a 48% gain compared to November 2010. The average number of days on the market for homes that sold in Yarmouth was 156.

With the holiday season upon us, the town of Yarmouth has taken the time to provide some excellent safety tips for Christmas trees and other decorations. Check out Yarmouth’s holiday season fire safety page, and have a safe and fun holiday!

This Maine housing update is brought to you by the Herrigel group – specializing in real estate in greater Portland Maine. To learn more about Yarmouth Maine real estate, visit us online at www.myMaineProperty.com. Contact John Herrigel directly by phone at 207-650-5383 and email: johnherrigel@gmail.com

Westbrook ME Market Report for Nov 2011

admin — Tue, 06 Dec 2011 19:18:48 +0000

During the month of October a total of 20 homes were sold in Westbrook Maine. This is a 67% increase in the number of sales year over year. Inventory is down slightly month over month. The average price of Westbrook homes has risen slightly year over year to 154K, and average number of days on the market has decreased since October 2010.

The Herrigel Group specializes in greater Portland area homes and investment properties. To learn more about homes in Westbrook Maine, visit the Herrigel Group online at mymaineproperty.com or talk to John Herrigel directly, call (207)650-5383 or email johnherrigel@gmail.com

Falmouth Maine August 2011 Housing Update

admin — Thu, 25 Aug 2011 14:56:11 +0000

The residential housing market of Falmouth Maine has seen a slight decrease in homes on the market year over year. In the month of July 2010, 178 homes were on the market, while July 2011 saw 161 homes for sale. Although inventory was slightly down, there was a 29% increase in homes sold year over year, with 18 homes sold in July 2011. The increase in sales from the 2010 year may be reflecting the end of last year’s first time home buyer tax credit in June of 2010. Stable markets in coastal and southern Maine led by lower interest rates make Falmouth an excellent place to relocate.

Check out Handy Boat boat yard this summer in the Casco Bay for sailing lessons and more. It is located near Falmouth Village and the Falmouth Foreside area.

This housing update has been compiled by John Herrigel, a southern Maine broker with the Herrigel Group and Green Tree Realty. For more info about Falmouth and southern Maine homes for sale visit www.MyMaineProperty.com or contact John directly by phone at 207-650-5383 or by email johnherrigel@gmail.com

August 2011 Housing Update for Homes in Portland ME

admin — Mon, 22 Aug 2011 18:34:44 +0000

The median price of Portland Maine homes rose from 208k in July 2010 to 224k for July 2011, and is up 2% from one month earlier. During the month of July 2011, 45 homes were sold in Portland in contrast to just 23 one year earlier. This 96% increase in sales may be a reflection of the end of last year’s first time buyer tax credit in June 2010. Stable month over month pricing and stable markets in Portland led by lower interest rates make Portland a great place to relocate!

While the summer warmth remains, it is an excellent time for a picnic. Enjoy one of Portland Maine’s picturesque city parks like the Eastern Promenade in Portland’s East End neighborhood for some relaxation and fun in the sun.

This housing report has been compiled by John Herrigel a local Maine broker with the Herrigel Group – MyMaineProperty.com For more information about homes for sale in Portland Maine contact John directly at 207-650-5383 or via email at john@greentreemaine.com

Housing Update for Coastal and Southern Maine 2nd Quarter 2011

admin — Tue, 02 Aug 2011 19:52:10 +0000

The residential real estate market in Coastal and Southern Maine has seen a 5% increase in median price since the 2nd quarter of 2010. Total transaction volume decreased from 988 homes sold in the second quarter last year, to 649 houses and condos sold this quarter. Lower sales volumes year over year reflect the success of last year’s tax credit program for home buyers as transaction volumes are more similar to 2009 levels.

Visit Coastal Maine to learn about a picturesque and diverse region, from waterfront wilderness in the mid-coast to the convenience of Downtown Portland. Check out real estate in Falmouth Foreside Maine for more information about one of many great ways to enjoy life in coastal Maine.

This quarterly housing update has been compiled by John Herrigel a local broker for Southern and Coastal Maine homes with MyMaineProperty.com – the Herrigel Group. For more information about Portland Maine homes for sale contact John Herrigel via email at johnherrigel@gmail.com or directly by phone at 207-650-5383.

Falmouth Maine 2nd Quarter 2011 Housing Market Update

admin — Wed, 20 Jul 2011 23:18:20 +0000

The real estate market for homes in Falmouth, ME has remained relatively stable during the second quarter of 2011. Since the second quarter of 2010, the median home price has seen a slight decrease of 3% from 396K to 388K. Year over year transaction volume is down 29% from 69 to 49 homes sold. While this is a decrease in sales, transaction volume is similar to its 2009 level, reflecting the success of last year’s tax credit program for home buyers.

One area of special interest in the Falmouth home market is the Falmouth Foreside neighborhood. Located just 10 minutes north of Portland’s Old Port district; Falmouth Foreside offers top schools, recreational facilities and more. If you are looking for a beautiful waterfront home, check out Falmouth, Maine real estate.

This report was compiled by John Herrigel, a southern Maine real estate broker. For more info on the local Portland area real estate markets please check out MyMaineProperty.com – the Herrigel Group or contact me directly at 207-650-5383 or via email at johnherrigel@gmail.com

Housing Report for South Portland Maine 2nd Quarter 2011

admin — Mon, 11 Jul 2011 18:01:39 +0000

For the 2nd quarter of 2011 the residential housing markets of South Portland, ME have decreased in median price by 10% to 193K. A total of 99 homes were sold in the second quarter last year, although just 62 homes sold this quarter, for a transaction volume decrease of 37%. Fewer homes and condos have sold this quarter, but this reflects the success of last year’s tax credit program for home buyers – transaction volumes are more similar to the 2009 year.

To learn more about a great neighborhood in South Portland, check out Willard Beach in South Portland, ME this summer. Visit a less travelled Maine beach just minutes from down town Portland and unwind from you busy week.

This housing update has been compiled by John Herrigel a local broker for coastal and southern Maine residential properties with the Herrigel Group. For more information about South Portland ME homes for sale, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com

June 2011 Housing Report for Falmouth, Maine

admin — Mon, 27 Jun 2011 16:06:55 +0000

In May 2011 the Falmouth ME residential housing market saw a total of 15 transactions take place, down from 22 a year earlier. This reflected a 25% monthly increase and 32% yearly decrease in sales. The median price in May 2011 increased to 400K compared with 270K in the month of May 2010. This is a 48% price increase year over year, and a 12% increase month over month. The average days on the market has decreased to just 28 for the month of May. At the beginning of the month of June, the Falmouth residential market had 146 homes for sale, up from 130 in the month of May.

Visit the Falmouth Historical Society museum this summer to learn more about sustainable living and traditional crafts. For more information on Falmouth ME housing please visit www.mymaineproperty.com or feel free to contact John Herrigel directly at 207-650-5383 or via email at john@greentreemaine.com

June 2011 Housing Report for South Portland ME

admin — Wed, 15 Jun 2011 13:34:58 +0000

The real estate market for homes and condos in South Portland ME had a greatly improved showing in May 2011 with 27 transactions up from 11 a month earlier. Although this is still much lower than last year’s 43 May sales, last year’s first time home buyer tax credit is a factor in inflating the number of transactions in 2010 by artificially improving the market. Pricing has increased to the median price of 216K compared with 199K for the same time period in 2010. This reflects a 9% price gain, year over year. Inventory is continuing to grow, from 124 houses and condos on the market in May to 166 beginning in June.

Want to learn more about South Portland? Visit the South Portland Public Library – summer reading programs begin soon. For more info on Maine real estate please reach out directly to John Herrigel, a local Maine broker with Green Tree Realty who can be reached at 207-650-5383 or via email at johnherrigel@gmail.com